Suppose that employees are working less than before, fewer people are actually working, and compensation is up. Would that be evidence that power shifted to employees?
(Wages have stagnated because companies have shifted compensation to untaxed non-wage benefits.)
...another labor movement. The first one gave us things like healthcare and retirement...
This is not the result of a labor movement. It's the result of working around a dumb law. Employers wanted to raise wages in order to compete for employees but there were laws against pay raises and wage competition. Net result: "we pay the same as everyone else, but also free health care/retirement/etc."
http://research.stlouisfed.org/fred2/series/RCPHBS
http://research.stlouisfed.org/fred2/series/ECICOM
http://research.stlouisfed.org/fred2/series/USAAHWEP
http://research.stlouisfed.org/fred2/series/EMRATIO
(Wages have stagnated because companies have shifted compensation to untaxed non-wage benefits.)
...another labor movement. The first one gave us things like healthcare and retirement...
This is not the result of a labor movement. It's the result of working around a dumb law. Employers wanted to raise wages in order to compete for employees but there were laws against pay raises and wage competition. Net result: "we pay the same as everyone else, but also free health care/retirement/etc."